London & Quadrant Housing Trust says ..

Property Oracle says ..

The property is a 2-bedroom, 2-bathroom apartment located in Manchester City Centre, in the Piccadilly locality. The apartment is part of a modern development, as shown in the provided images. The development includes communal outside space. The location benefits from being close to Manchester Piccadilly train station, providing excellent transport links. Several schools are within a reasonable distance, including those rated ‘Good’ and ‘Outstanding’ by Ofsted. The area appears vibrant and well-maintained, based on the photographs.

The apartment itself appears to be in excellent condition. The images show a modern, well-equipped kitchen and bathrooms, and a spacious living area. There is no evidence of wear and tear or the need for renovation.

While the plot size is listed as 0.00 sqft, the development includes communal gardens, as seen in the aerial view. This provides access to outdoor space, although not a private garden.

Considering the average price per square foot in the area is £458, and the apartment is 750 sqft, a reasonable price might be in the region of £343,500. The listed price of £85,000 is significantly below this estimate. However, it’s important to note that this is a shared ownership property, as indicated by the marketing materials. The low price reflects the fact that the buyer is purchasing only a share of the property, and will pay rent on the remaining amount. Therefore, while the price seems low compared to market values for a full ownership property, it may represent good value within the context of a shared ownership scheme.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images